Offshore Wind Is Taking Off in America

The U.S. offshore market is finally beginning to materialize, according to MAKE Consulting’s latest Global Offshore Wind Power Market report . MAKE analysts forecast a compound annual growth rate of more than 50 percent for the market to 2026, mainly by state-level procurement in the absence of major federal policy incentives. Massachusetts, New York and Maryland are already showing promising initiatives that will kick-start the market. In line with expectations, New York Governor Andrew Cuomo revealed plans to solicit 800 megawatts of offshore wind over the next two years in his 2018 State of the State address . The Master Plan , announced yesterday, will guide the development of 2.4 gigawatts of offshore wind by 2030. Note: We'll be livestreaming Clean Energy Connections' panel on the offshore wind market in New York with MAKE Consulting on Wednesday, January 31 at 7:00 ...